Gold Daily and Silver Weekly Charts - Where Are We Going?

Have a pleasant evening.

SP 500 and NDX Futures Daily Charts - Whacky Tech-Backy

Stocks rocketed higher, gaining back most of what they gave up yesterday.

Google put a fire under tech stocks by buying smart thermostat maker Nest for $3.2 billion.

Retail sales came in better than expected and that had traders casting off their fears and setting out on the seas of speculation.

A pleasant time will be guaranteed for all by the Fed, until it doesn't. Then they will bail out their friends.

NAV Premiums of Certain Precious Metal Trusts and Funds

“All that is gold does not glitter,
 Not all those who wander are lost;
 The old that is strong does not wither,
 Deep roots are not reached by the frost."

J.R.R. Tolkien, The Fellowship of the Ring

h/t commenter at ZH

Gold Daily and Silver Weekly Charts - Bounce

Gold and silver popped a little today, added to the after hours increase which they enjoyed on Friday.

Stocks are in an asset bubble uptrend, and gold and silver are in a remarkably persistent price decline.

Meanwhile at the Comex warehouses, HSBC, the custodian for GLD, managed to add some gold back to the registered (deliverable) inventory. More will most likely be needed for February.

As I said for stocks this evening, follow through is everything.

Have a pleasant evening.